Crypto Whale Who Made Millions on Leverage Trading Is a Convicted Fraudster: ZachXBT

A mysterious crypto dealer that made hundreds of thousands buying and selling derivatives this 12 months has been recognized as William Parker, a convicted fraudster, in line with blockchain sleuth ZachXBT.

Parker made $6.8 million on one place after going lengthy on BTC simply earlier than Donald Trump’s weekend announcement of a U.S. strategic crypto reserve, per ZachXBT. He then circled and made one other $9 million going quick BTC as the worth pump shortly reversed.

All of his positions used 50x leverage – a excessive danger technique because it means the liquidation worth of a place is near the entry level.

And it appears as if excessive danger playing was this explicit dealer’s speciality, as on-chain information suggests the pockets regularly interacted with Roobet, Gamdom, Shuffle, BC Game, & Metawin accounts – all crypto-based on-line casinos.

It seems that the pockets linked to the trades was set because the drainer payment receiver on a phishing web site in January, receiving $17.1K from a phishing draining buyer in the identical month, ZachXBT revealed.

The investigation then dives into a Solana pockets that was the primary to work together with the dealer’s pockets. This SOL pockets made withdrawals from 4 casinos following an enter validation exploit on a on line casino sport. ZachXBT reached out to those casinos which offered him with a Telegram account of the person.

That Telegram account yielded verification that the dealer was energetic on-chain concurrently posting in derivatives buying and selling chats on Telegram.

ZachXBT went one step additional — discovering a fee despatched by the dealer to an unnamed individual on the HyperLiquid trade. That transaction led to the uncovering of a telephone quantity linked to a individual referred to as William Parker.

Parker final 12 months was convicted and sentenced to 2 1/2 years in jail in Finland for stealing $1 million from two casinos in 2023 . He was served time in 2010 within the U.Okay. for a number of fraud costs associated to hacking and playing.